AI max pain

From the closing options book · October 20, 2026 · updated after every close

AI's max pain for the October 23, 2026 expiration was 11 at the October 20, 2026 close, −5.9% from AI's 11.69 close. Max pain is the price at which option holders' total intrinsic value at expiry would be smallest.

Max pain

Oct 23 expiry

11.69

−5.9% to max pain

0.08

Put/call OI

0.12

Put/call volume

AI close vs max pain, last 20 sessions

Session	Close	Max pain	Gap
Oct 20	11.69	11	−5.9%
Oct 19	11.28	11	−2.5%
Oct 16	11.32	11	−2.8%
Oct 15	12.16	11	−9.5%
Oct 14	11.67	10.5	−10.0%
Oct 13	12.01	10.5	−12.6%
Oct 12	11.61	10.5	−9.6%
Oct 9	11.53	10	−13.3%
Oct 8	11.34	11	−3.0%
Oct 7	11.23	11	−2.0%
Oct 6	11.24	11	−2.1%
Oct 5	11.09	11	−0.8%
Oct 2	11.01	10.5	−4.6%
Oct 1	11.11	10.5	−5.5%
Sep 30	10.99	10.5	−4.5%
Sep 29	10.34	10.5	+1.5%
Sep 28	10.41	10.5	+0.9%
Sep 25	10.65	10.5	−1.4%
Sep 24	10.76	11	+2.2%
Sep 23	10.86	11	+1.3%

The session before, max pain sat at 11.

Open interest within 45 days stood at 118,455 calls and 9,004 puts, a put/call ratio of 0.08. On the day, 12,165 calls and 1,411 puts traded.

Max pain is a property of the open-interest book, not a forecast: price has no obligation to finish there, and on most days it does not. It is most useful as a reference for where the expiring book is balanced.

These are the October 20, 2026 closing numbers. Members see AI's map move live all session.

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Common questions

What is AI's max pain?

11 for the October 23, 2026 expiration, from open interest at the October 20, 2026 close.

What is AI's put/call ratio?

By open interest 0.08; by volume 0.12 on October 20, 2026.

Does AI close at max pain?

Not reliably. Max pain describes where the expiring options book is balanced; it is a reference level, not a prediction.

Compare: max pain on other tickers

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Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.